By Dan Catchpole (Reuters) -Boeing Defense said Wednesday it would consider “minor adjustments” to its last contract offer to roughly 3,200 union members on strike in the St. Louis area, where it produces fighter jets and munitions. “The economics of our deal will remain the same,” Dan Gillian, one of Boeing Defense’s top executives in …
One month into strike, Boeing Defense stands by its last contract offer Read More »
(Reuters) -The finance chief of Elon Musk’s xAI, Mike Liberatore, has left the artificial intelligence startup after just a few months on the job, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Liberatore’s departure comes amid intensifying competition among AI players such as OpenAI, Google and Anthropic, which are pouring …
xAI’s finance chief steps down after a few months on job, WSJ reports Read More »
(Reuters) -The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission on Tuesday announced a joint initiative to coordinate efforts on digital assets. The CFTC and the SEC will work together to issue guidance about the “listing of leveraged, margined, or financed spot retail commodity transactions on digital assets,” the agencies said …
US securities, commodities regulators announce joint crypto initiative Read More »
By Hadeel Al Sayegh and Yousef Saba DUBAI (Reuters) -Saudi Aramco is planning to sell U.S. dollar-denominated Islamic bonds as soon as this month, two sources with direct knowledge of the matter told Reuters, as it seeks to lever its balance sheet amid weaker oil prices. Aramco, the world’s biggest oil company, could raise between …
Saudi Aramco plans US dollar Islamic bonds as soon as this month, say sources Read More »
By Allison Lampert and Nathan Gomes (Reuters) -Low-cost carrier WestJet said on Wednesday it made its largest-ever order with U.S. planemaker Boeing, striking a deal for 67 jets to be delivered through 2034 as part of the Canadian airline’s growth strategy. The order for 60 737-10 MAX narrowbodies and seven 787-9 Dreamliner widebody jets comes …
Canada’s WestJet places long-term order for 67 Boeing planes Read More »
By Divya Rajagopal and Sumit Saha (Reuters) -Canadian miner Teck Resources announced on Wednesday that it has undertaken a company-wide operations review and would defer approving major growth projects until its Quebrada Blanca (QB) copper mine in Chile achieves steady operations and target output. The company also said in a statement that it has appointed …
Copper miner Teck defers major project approvals amid operations review Read More »
By Howard Schneider WASHINGTON (Reuters) -Job growth over the last three months has hit one of the weakest patches, outside the pandemic, since the U.S. economy was limping to recover from the 2007 to 2009 financial crisis and recession. Yet the unemployment rate is the same as it was a year ago at 4.2%, around …
Fed at a potential pivot point on jobs as storylines diverge Read More »
By Neil J Kanatt (Reuters) -Macy’s shares surged 20% on Wednesday after the department store operator offered fresh evidence that its turnaround plan was working, with raised annual sales and profit forecasts despite tariff uncertainty. Shedding some underperforming banners and leaning into its pricier labels, which serve higher-income shoppers, have helped Macy’s offset the hit …
Macy’s turnaround progress boosts annual forecasts, shares jump Read More »
By Manya Saini (Reuters) -Flood insurance provider Neptune filed for a U.S. initial public offering on Wednesday, becoming the latest company to tap into renewed investor demand as easing tariff concerns and strong markets spur more firms to test the waters. With stocks market hovering near record highs, investors have been favoring high-growth sectors and …
Neptune Insurance files for US listing as IPO window reopens Read More »
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney said on Wednesday that he had a lengthy and productive conversation with U.S. President Donald Trump on Monday, covering trade issues and other topics. His comments are another recent indication that bilateral tensions might be lessening. The two sides have been locked in a trade war since early …
Canadian PM says he spoke to Trump on Monday, had good conversation Read More »
